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Oct 24, 2012
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it should be the policy of the united states to try to win vladimir putin the nobel peace prize. we should do everything we can to try to help him broker some kind of political transition in syria. i think that the administration understands that but often they have let their rhetoric get out of control and they get peeved that but fin is so -- he is not laying by what we think of as his own interests. second, without turning this into another afghanistan and arming the rebels at that level, the united states simply by coordinating the existing flow of money to the rebel army so that commanders who are trying to exercise command and control inside the country get the bulk of the money and then can distribute it and the process become, and in the process become more powerful we can change the way things feel on the grouped. in aleppo it is pell-mell, you have people running into the headquarters of the free syrian army pleading for weapons and commanders there who would like to be more disciplined, would like to arm their fighters in the process get their loyalty who can't, becaus
it should be the policy of the united states to try to win vladimir putin the nobel peace prize. we should do everything we can to try to help him broker some kind of political transition in syria. i think that the administration understands that but often they have let their rhetoric get out of control and they get peeved that but fin is so -- he is not laying by what we think of as his own interests. second, without turning this into another afghanistan and arming the rebels at that level,...
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Oct 22, 2012
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>> reporter: in the last three months chinese companies invested $3 billion in the united states, and a report by the rhodium group predicts the dealmaking will soon expand beyond energy, into services like entertainment, hotels and finance. darren gersh, "n.b.r.", washington. >> susie: on wall street today, investors were hesitant to buy stocks ahead of tonight's big presidential debate. they were also pre-occupied with that flood of earnings we told you about earlier. and, as suzanne reported, revenues are the key worry for investors, and a big theme of tonight's "market focus." after the close, texas instruments reported a decline in revenues, due to falling demand for its chips. the company also sees more weakness for the rest of the year. that overshadowed the company's 30% jump in profits for the latest quarter. the shares fell fractionally in after-hours trading. there was also a big profit gain at the parent company of north face apparel and wrangler jeans corp reported a 27% increase in third-quarter profits, which was better than expected. the company also raised its full-ye
>> reporter: in the last three months chinese companies invested $3 billion in the united states, and a report by the rhodium group predicts the dealmaking will soon expand beyond energy, into services like entertainment, hotels and finance. darren gersh, "n.b.r.", washington. >> susie: on wall street today, investors were hesitant to buy stocks ahead of tonight's big presidential debate. they were also pre-occupied with that flood of earnings we told you about earlier....
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Oct 10, 2012
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on the other hand, corporations in the united states are in terrific shape, the united states continues to grow. the election is tightening up, which means anybody who is elected is likely to govern from the center, and attack the fiscal cliff. and so you have to say in a low return environment, shares of multinational companies with growing earnings and dividends are probably not a bad place to be. but you want to buy when the markets are down, not when they're up, and you want to sell low quality, buy high quality, and buy them on corrections, not after big moves. i would not be surprised if you have a little bit more of a correction right here. >> susie: so let's talk a little more about this correction. it feels like a correction. between what's going on with oil prices going lower, some of these earnings reports that we've been getting. so what are the risks ahead, and is this a buying opportunity? one strategist saying today that he's pretty upbeat because with central banks around the world pouring money into the financial system, it's kind of hard to see that the global economy
on the other hand, corporations in the united states are in terrific shape, the united states continues to grow. the election is tightening up, which means anybody who is elected is likely to govern from the center, and attack the fiscal cliff. and so you have to say in a low return environment, shares of multinational companies with growing earnings and dividends are probably not a bad place to be. but you want to buy when the markets are down, not when they're up, and you want to sell low...
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Oct 1, 2012
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43 presidents of the united states and for exactly the same reasons. so nothing of substance has changed yet. i've always been at war with the system, not people. i just hope before i die i get the enemy to acknowledge that i ain't in a war with them and that they won the war almost all the time and that maybe i had one victory. >> speaking to us 50 years after he helped end racial segregation at the university of mississippi. and that brings today's show to a close. i'm jane eo'brien. thank you for joining and please come back tomorrow. >> make sense of international news at bbc.com/news. >> funding for this presentation was made possible by the freeman foundation of new york, stowe, vermont, and honolulu, newman's own foundation, and union bank. >> at union bank, our relationship managers work hard to understand the industry you operate in, working to nurture new ventures and help provide capital for key strategic decisions. we offer expertise and tailored solutions in a wide range of industries. what can we do for you? >> "bbc world news" was pr
43 presidents of the united states and for exactly the same reasons. so nothing of substance has changed yet. i've always been at war with the system, not people. i just hope before i die i get the enemy to acknowledge that i ain't in a war with them and that they won the war almost all the time and that maybe i had one victory. >> speaking to us 50 years after he helped end racial segregation at the university of mississippi. and that brings today's show to a close. i'm jane eo'brien....
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Oct 12, 2012
10/12
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it was a dangerous showdown that gripped the united states 50 years ago. it was october 28, 1962 when the cuban missile crisis threatened to turn the cold war into a hot one. the bbc has gained exclusive access to new information that shows there was the second stage to the crisis. >> the cuban missile crisis did not end on october 28, 1962. cuba was going to become a nuclear power right under the nose of the united states, 90 miles from florida. >> there was a lot of attention for at least another three weeks and until that moment, we were at the highest state of alert short of nuclear war. >> i call upon chairman khrushchev. he has the opportunity to world the world back from the abyss of destruction. >> people around the world. the sigh of relief in october 1962 when soviet president nikita khrushchev agreed to remove nuclear weapons from cuba. but in a total failure of intelligence, the u.s. was blind to the existence of tactical nuclear weapons. meanwhile, negotiations -- castro began to see some cooperation with the soviets. >> castro is very angry a
it was a dangerous showdown that gripped the united states 50 years ago. it was october 28, 1962 when the cuban missile crisis threatened to turn the cold war into a hot one. the bbc has gained exclusive access to new information that shows there was the second stage to the crisis. >> the cuban missile crisis did not end on october 28, 1962. cuba was going to become a nuclear power right under the nose of the united states, 90 miles from florida. >> there was a lot of attention for...
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Oct 25, 2012
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he had tried to set foot in and visit every one of the 50 united states. and while he was sick he crossed a couple off his list so he only had one to go. north dakota i think, maybe. there isn't a place in the world i don't think he wouldn't have wanted to visit and explore and write about. >> he was very content. >> he was. >> he was vicious and -- in the literary sense but i want to read more, i want to write more but a content human being which is a lovely thing. >> rose: he knew he had done things and lived life to the fullest. >> he took pleasure and was happy and found something in everyday or any situation to love. if p.m.c. him at the podium when he's his most vicious and poe lem cal they might not realize how sweet and grateful for everything little thing he was. >> rose: question that always came up certainly when people realize he had a terminal illness was will this change his attitude? (laughter) >> i don't think so! (laughter) >> rose: this is not going to be a fox hole conversion. >> exactly. >> unlike people who do what he does for a living
he had tried to set foot in and visit every one of the 50 united states. and while he was sick he crossed a couple off his list so he only had one to go. north dakota i think, maybe. there isn't a place in the world i don't think he wouldn't have wanted to visit and explore and write about. >> he was very content. >> he was. >> he was vicious and -- in the literary sense but i want to read more, i want to write more but a content human being which is a lovely thing. >>...
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Oct 31, 2012
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virtually every single investor owns a utility across the koptdinental united states, and sntd extra lineman and crews to help restore people's power. you're right. we did talk with the president yesterday. he spentd about 40 minutes on the phone with all the ceos. he's very engageed in this. he's wanting to help. he know what is it takes, professional and trained linemen to restore the power, but knows the government has a lot of resources they can provide to help clear the way. and that would mean clearing streets of debris so crews can get to the job sites or helping to facilitate crews coming from across the country to get to the affected areas sooner. things of that sort. >> tom: tomorrow, we victim more with lewis hay on paying for the rates and the nation's power infrastructure. >> resources they have and didn't have. there were technical issues. they were resolved very quickly. order flow was pretty good. you probably saw the volume was on the light side. but for all practical purposes, you know, it was business as usual. and things got up and running. very impressive what th
virtually every single investor owns a utility across the koptdinental united states, and sntd extra lineman and crews to help restore people's power. you're right. we did talk with the president yesterday. he spentd about 40 minutes on the phone with all the ceos. he's very engageed in this. he's wanting to help. he know what is it takes, professional and trained linemen to restore the power, but knows the government has a lot of resources they can provide to help clear the way. and that would...
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Oct 25, 2012
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blame for the weak outlook was spread across the globe, from china and europe to the united states. best buy also sees tough times ahead. late yesterday, the retailer warned both earnings and sales at stores open for at least a year would fall in its third quarter. the warning comes just as the holiday shopping season gets underway. shares fell 10.3% as volume quadrupled, this close to a decade low. the company took the opportunity to announce a management shuffle under new c.e.o. hubert joly. he took over in august. best buy has not been helped out by an improving housing market. we heard from two home builders today about their latest quarters. pulte group shares fell 2.5% after reporting its highest quarterly earnings since the housing boom. new orders and higher prices helped. shares have more than tripled in the past year, so we may be seeing some profit-taking. ryland group shot up to a new post-recession high, thanks to its own stronger than expected third quarter financial performance. its backlog of orders for new homes is up 58% as a strong sign of future construction. fou
blame for the weak outlook was spread across the globe, from china and europe to the united states. best buy also sees tough times ahead. late yesterday, the retailer warned both earnings and sales at stores open for at least a year would fall in its third quarter. the warning comes just as the holiday shopping season gets underway. shares fell 10.3% as volume quadrupled, this close to a decade low. the company took the opportunity to announce a management shuffle under new c.e.o. hubert joly....
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Oct 29, 2012
10/12
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that is all across the united states. and with heating oil there are two components to t business til till-- distal-- distillate and in that you have diesel and heating oil and both combined are running very, very low. so in terms of the broader complex heating oil will be better supported than gasoline or crude oil. >> tom: that is the energy complex because of hurricane sandy on the east coat, jerrod kit with the linn group. it is not uncommon for a big storm to mean big business for stores like lows an it's not uncommon for a big storm like sandy to mean big business at stores like lowe's and home depot, as people stock up on supplies, and materials needed for repairs. ruben ramirez reports from new jersey. >> reporter: christmas trees and holiday decorations were not on anyone's list as customers tried to stock up on supplies ahead of hurricane sandy's landfall here in new jersey. >> the big demand is generators, sand, tarps, rope, bungee cords, gas cans, basically anything you can use to help prepare yourself for the
that is all across the united states. and with heating oil there are two components to t business til till-- distal-- distillate and in that you have diesel and heating oil and both combined are running very, very low. so in terms of the broader complex heating oil will be better supported than gasoline or crude oil. >> tom: that is the energy complex because of hurricane sandy on the east coat, jerrod kit with the linn group. it is not uncommon for a big storm to mean big business for...
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Oct 25, 2012
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>> the budget of the united states is huge. it's $3.6 trillion, right? and in there are all sorts of deals to favor one industry or one company or one segment of the society. last year the government took in $1.3 trillion in tax revenue but the treasury adds up the t value of all the loopholes, deductions and credits and they amounted to $1.1 trillion. so they gave away almost as much money as they collected. >> reporter: largely says wessle because over a nice lunch lobbyists can convince lawmakers to change the tax code. >> someone says, you know, the law isn't really clear on this facet or the tax court has ruled this and if we could just get a piece of legislation in that would clarify this it would be in my interests and, by the way, congressman, i was so happy to see you at your fund-raiser last night. >> reporter: well, it can't be that blatant! >> it's rarely that bald a transaction, but occasionally it is. but you are naturally more likely to have lunch here with someone who's raised money for your campaign than someone who turned down every inv
>> the budget of the united states is huge. it's $3.6 trillion, right? and in there are all sorts of deals to favor one industry or one company or one segment of the society. last year the government took in $1.3 trillion in tax revenue but the treasury adds up the t value of all the loopholes, deductions and credits and they amounted to $1.1 trillion. so they gave away almost as much money as they collected. >> reporter: largely says wessle because over a nice lunch lobbyists can...
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Oct 18, 2012
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starting to focus more on fundamentals here in the united states, so much in every headline coming out of europe. >> should we be more concerned about what is going on in china, especially with the news that came out today, that the economy is slowing down, and just keeps coming down, down, now the economy is growing gdp at 7.4%. and it just keeps coming down every single quarter. is that a bigger concern for the u.s. economy and u.s. investor? >> look, chinese economy, no doubt matter to the global economy. 30% of global economic growth comes from china. so a china slowdown matters from the u.s. perspective is different, what i mean by that is yes, gdp growth for the last quarter was at 7.4%. having said that, we think china has started to turn the corner when it comes to seeing some growth. but it's to the going to be the same speed that it turned the corner for the last recovery. most likely china is going to continue to grow around 7 to 8%, not at 10% it used to grow. from the u.s. perspective what we care about is what is going to be the engine of growth going forward which in our
starting to focus more on fundamentals here in the united states, so much in every headline coming out of europe. >> should we be more concerned about what is going on in china, especially with the news that came out today, that the economy is slowing down, and just keeps coming down, down, now the economy is growing gdp at 7.4%. and it just keeps coming down every single quarter. is that a bigger concern for the u.s. economy and u.s. investor? >> look, chinese economy, no doubt...
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Oct 30, 2012
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states. even as sandy makes her way to canada, the destruction is devastating. high winds pushed the atlantic ocean up and over seawalls, flooding entire neighborhoods. the wind and water teamed up to cut power to millions of people along the eastern seaboard. the storm surge even continued today as sandy tracked through western pennsylvania and new york state. the storm has affected an estimated one out of every five americans, bringing some business to a standstill over flooding, closed airports, and no public transportation. while rescue efforts continue tonight, early damage estimates are still rough, running between $10 billion and $20 billion, according to eqecat. hurricane irene did $10 billion damage 14 months ago. >> susie: wall street was closed again today for the second straight day because of hurricane sandy. this is the first two-day weather-related shutdown since 1888. but the major exchanges are expected to reopen tomorrow. all systems are a go. the new york stock exchange sai
states. even as sandy makes her way to canada, the destruction is devastating. high winds pushed the atlantic ocean up and over seawalls, flooding entire neighborhoods. the wind and water teamed up to cut power to millions of people along the eastern seaboard. the storm surge even continued today as sandy tracked through western pennsylvania and new york state. the storm has affected an estimated one out of every five americans, bringing some business to a standstill over flooding, closed...
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Oct 27, 2012
10/12
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the bela russian strong man is banned from traveling to britain and the united states. and western journalists rarely get a chance to hold him to account. the night before the interview preparations are underway in a hotel in central minsk. >> i decided not to focus on international policy for more as a man. >> he is now in the role of a foreign correspondent for a newspaper his father bought for him. >> i come here as a journalist for the independent newspaper that i will write. he considers himself an authoritarian leader. >> so what does he expect from the belarussian leader? >> i don't have any expectation of how it will go. i think it's the first one that i have done where i really don't know what to expect. but apparently, according to his press secretary, he's up for a fight. >> his own father made his billions after the breakup of the soviet union and taking privatization of -- which left many in poverty. he never allowed that to happen in belarus. >> the route that your country took was very different from the one that russia took. to my mind russia went the ro
the bela russian strong man is banned from traveling to britain and the united states. and western journalists rarely get a chance to hold him to account. the night before the interview preparations are underway in a hotel in central minsk. >> i decided not to focus on international policy for more as a man. >> he is now in the role of a foreign correspondent for a newspaper his father bought for him. >> i come here as a journalist for the independent newspaper that i will...
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Oct 23, 2012
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the united states gets involved to get rid of colonel kadafy in libya. on the other hand more than 30,000 syrians have lost their lives and the united states has largely stood on the side lines. it's not clear what we're going to do if and when there are upheavals in places like jordan, bahrain or even saudi arabia. so i'm not sure we have the luxury of consistency. i think what both of them were saying was that the middle east is extraordinarily complex. governor romney said two interesting things i thought. one is that what the united states did in iraq and afghanistan cannot be a template for the future. thed idea we're going to continue to send hundreds of thousands of americans to remake other societies, that's clearly a nonstarter. and then he said -- i think his phrase was -- we can't kill ourselves out of this mess. there has to be something else dealing with extremism and the muslim and arab world other than simply traditional counterterrorism and drone attacks. there has to be something larger to try to encourage the evolution of these societie
the united states gets involved to get rid of colonel kadafy in libya. on the other hand more than 30,000 syrians have lost their lives and the united states has largely stood on the side lines. it's not clear what we're going to do if and when there are upheavals in places like jordan, bahrain or even saudi arabia. so i'm not sure we have the luxury of consistency. i think what both of them were saying was that the middle east is extraordinarily complex. governor romney said two interesting...
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Oct 26, 2012
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sandy's trajectory shows it moving toward the eastern coast of the united states. the threat from hurricane sandy has put both u.s. presidential candidates on high alert. mitt romney's already cancelled a rally scheduled for sunday evening in virginia beach. with only 11 days until polling day, both barack obama and mitt romney have been importanting over the latest economic data. figures show the u.s. economy grew 2% in the last three months. the white house says the economy is moving in the right direction. the republicans say the figures are discouraging news. our north american editor, mark, has been with mr. romney on the campaign trail. >> if it's friday it must be iowa and ohio. for hit romney this is a relentless race from state to state, stage to stage, squeezing out every last vote with a new message underlying what a difference four years makes. he says president obama stands for the status quo. he is the candidate of hope and change. >> if you're ready for that kind of change, if you want this to be a turning point in america's course, join paul ryan an
sandy's trajectory shows it moving toward the eastern coast of the united states. the threat from hurricane sandy has put both u.s. presidential candidates on high alert. mitt romney's already cancelled a rally scheduled for sunday evening in virginia beach. with only 11 days until polling day, both barack obama and mitt romney have been importanting over the latest economic data. figures show the u.s. economy grew 2% in the last three months. the white house says the economy is moving in the...
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Oct 16, 2012
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i'm afraid that the united states simply has fumbled over the years. the unique opportunity it had to shape a more stable and more peaceful middle east. >> brown: what do you mean by that? >> well, first of all, the israeli-palestinian peace issue. you know, today the middle east... the masses are stirring. every public opinion poll tells us the masses have a negative view of american position on that issue because they see the united states as failing to move the peace process forward. i'm afraid there is some truth to that conclusion. >> brown: walter mead, what do you see when you hear about the use of the term like "unraveling of foreign policy"? >> well, i would say that we're clearly... the hope that president obama could sort of turn things around from the bush administration doesn't seem to have been fulfilled. you know, i think zbigniew is right, to some degree what happened there was president obama in those early weeks made the sort of claim in a sense that he was going to start a new relationship with the islamic world and pressuring israel
i'm afraid that the united states simply has fumbled over the years. the unique opportunity it had to shape a more stable and more peaceful middle east. >> brown: what do you mean by that? >> well, first of all, the israeli-palestinian peace issue. you know, today the middle east... the masses are stirring. every public opinion poll tells us the masses have a negative view of american position on that issue because they see the united states as failing to move the peace process...
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Oct 18, 2012
10/12
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it is a way of cashing in on the 70 million users and tablet computers in the united states. that is a number that has jumped from the 30 million in the past two years alone. there are also more competitors. almost anyone can set up online. >> there is a lot of content online. companies well-established, you have websites like politico, or the daily beast. they have been around for years, well-established. it is incredibly competitive, it is gone to be very difficult for "newsweek" to get some traction. >> they have an internet presence already. the site has more than 15 million visitors a month. that is up 70% on last year. >> the editorial product is not compelling, they will disappear into the ether. i suspect that after 80 years with really good talent, with a great franchise, they will survive. >> job losses are likely. in a rapidly shrinking market, at that will worry competitors, too. print media is struggling to stay relevant. the debate over how to make the internet pay amid so much free competition they designed. competitors will be watching the digital transmission
it is a way of cashing in on the 70 million users and tablet computers in the united states. that is a number that has jumped from the 30 million in the past two years alone. there are also more competitors. almost anyone can set up online. >> there is a lot of content online. companies well-established, you have websites like politico, or the daily beast. they have been around for years, well-established. it is incredibly competitive, it is gone to be very difficult for...
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Oct 4, 2012
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we'll unleash the power of the energy complex of the united states, become energy independence. there will be a lot of winners in the energy complex f there is a change in administration. >> real quickly, jobs was another big topic last night. we have the jobs report coming out tomorrow. it is expected the unemployment rate is going to go a little bit over 8%. what impact will that have on our markets tomorrow and on the election? >> it's amazing this is probably one of the last ones we get to focus on before election. there will be one more before november 2 but as we look at tomorrow's jobs reports it could go either way it is hard for this no to-- number to disappoint the market because we already have monetary policies, i think an upside number would be better for the president, the downside better for the challenger. so we will keep a close eye on that. >> susie: all right that number comes out at 8:30 eastern time tomorrow morning. we'll see what happens. art hoggan, managing director and strategist at lazard capital managements >> reporter: i'm erika miller in new york. t
we'll unleash the power of the energy complex of the united states, become energy independence. there will be a lot of winners in the energy complex f there is a change in administration. >> real quickly, jobs was another big topic last night. we have the jobs report coming out tomorrow. it is expected the unemployment rate is going to go a little bit over 8%. what impact will that have on our markets tomorrow and on the election? >> it's amazing this is probably one of the last...
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Oct 2, 2012
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>> new yorkers, like people all over the united states bought shares in mortgage backed securities, pension funds invested in them. people bought homes baseed on what they thought was the realistic value of the housing market. we've learned that the housing bubble, sxlt mortgage backed securities bubble were created, in part, by some pretty flamboyant types of misconduct n. this action which we filed yesterday against j.p. morgan chase really for the activities of bear sterns and companies they purchased later is one of the most flamboyant examples of fraud we've seen in this area. this involved a scheme from 2005 to 2007, and it's not a case as many have been, about one deal or 5 deals. it's the entire force of business. essentially the core promise they made to investment oshz was that they could buy the mortgage backed securities because they had rigorous systems in place to check on the quality of the loans. >> tom: you've called this systemic fraud. what about the originators of the original mortgages. bear stearns was packing them in securities but others were giving out the original
>> new yorkers, like people all over the united states bought shares in mortgage backed securities, pension funds invested in them. people bought homes baseed on what they thought was the realistic value of the housing market. we've learned that the housing bubble, sxlt mortgage backed securities bubble were created, in part, by some pretty flamboyant types of misconduct n. this action which we filed yesterday against j.p. morgan chase really for the activities of bear sterns and...
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Oct 3, 2012
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. >> rose: we conclude with david miliband, the former secretary of the united states kin.>> i think, the vision, we e running out of road. >> rose: right. >> and i think to have snood the way of that would have put ourselves in an impossible position. i don't buy the argument that the arab spring has become an arab winter, i just don't buy that. >> rose: right. >> that is not to say that there aren't very important differences between the different countries which i think sometimes is lost in the discussion that lumped the whole of middle east and north africa together. there are really serious issues because obviously the muslim brotherhood are the best organized political force in many of these countries, the only organized political force. >> rose: muti and miliband when we continue. funding for charlie rose was provided by the following. >> rose: additional funding provided by these funders. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. rose. >> rose: riccardo muti is here, he is one of the world's great conductors and led so
. >> rose: we conclude with david miliband, the former secretary of the united states kin.>> i think, the vision, we e running out of road. >> rose: right. >> and i think to have snood the way of that would have put ourselves in an impossible position. i don't buy the argument that the arab spring has become an arab winter, i just don't buy that. >> rose: right. >> that is not to say that there aren't very important differences between the different countries...
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Oct 12, 2012
10/12
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and that was the next vice- president of the united states, paul ryan. >> woodruff: much of the day's focus was on the vice president's debate statement about the attack in benghazi, libya, that killed the u.s. ambassador and three other americans last month. >> we weren't told they wanted more security again. we did not know they wanted more security again. and by the way, at the time, we were told exactly... we said exactly what the intelligence community told us that they knew. >> woodruff: but at a congressional hearing a day earlier, a state department official acknowledged that she declined requests for more security in benghazi. and at the debate, ryan charged the administration failed in a critical duty. >> our ambassador in paris has a marine detachment guarding him. shouldn't we have a marine detachment guarding our ambassador in benghazi, a place where we knew that there was an al qaeda cell with arms? this is becoming more troubling by the day. they first blamed the youtube video; now, they're trying to blame the romney-ryan ticket for making this an issue. >> woodruff: th
and that was the next vice- president of the united states, paul ryan. >> woodruff: much of the day's focus was on the vice president's debate statement about the attack in benghazi, libya, that killed the u.s. ambassador and three other americans last month. >> we weren't told they wanted more security again. we did not know they wanted more security again. and by the way, at the time, we were told exactly... we said exactly what the intelligence community told us that they knew....
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Oct 23, 2012
10/12
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states really supposed to do about all of the extremists? >> rose:. >> it is ridiculous. >> charlie -- >> rose: yes, al. >> charlie i will just say when talking about effective line going to martha's point, the reason that the bayonets and horses line was good, not only a nice line but had some substance to itable when romney says one of the areas he tried to differentiate himself was on defense spending, smallest navy since 1916 that is true but in 1916 of course we didn't have nimitz class nuclear aircraft carrier that can reach targets 1,000 miles away, so i think that is more relevant so i think that is why the line worked. look, wrong this, i don't think this debate changes the basic dynamics but mitt romney did do a dope a rope and in denver i thought that barack obama did a rope a dope, what they both ignored in the history of rope a dope is, muhammad ali pummelled the heck out of somebody for eight round before he started rope a doping, these guys did not. >> rose: okay. let me go to chuck todd, did you see this coming in anyway? >>
states really supposed to do about all of the extremists? >> rose:. >> it is ridiculous. >> charlie -- >> rose: yes, al. >> charlie i will just say when talking about effective line going to martha's point, the reason that the bayonets and horses line was good, not only a nice line but had some substance to itable when romney says one of the areas he tried to differentiate himself was on defense spending, smallest navy since 1916 that is true but in 1916 of course...
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Oct 10, 2012
10/12
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states chaff is united states chaff is bullying .. >> people were just saying people i knew who were important were saying she a weak president, look what happened in vienna. >> well, kennedy himself told, khrushchev bully him, kennedy's own -- >> rose: kennedy was very good at self-analysis. >> he was. one thing i like about him, that rare thing, the self aware famous public great man who actually was self aware. >> rose: and what did he think of truman, eisenhower. >> he liked him at first but they fell out during the 52 election and ike was particularly mad because truman brought his son john back from korea for the inauguration, this is bad for john's career, he was in combat, and so eisenhower said to truman, who bought, who brought my son back, john and he said i did, i am still the president and so truman and eisenhower didn't speak to each other in the car up to the capitol, it was -- and that bad blood continued truman used to bad-mouth eisenhower about him and spread stories about kay somers by and eisenhower would write angry letters to truman .. that his aide would rip up
states chaff is united states chaff is bullying .. >> people were just saying people i knew who were important were saying she a weak president, look what happened in vienna. >> well, kennedy himself told, khrushchev bully him, kennedy's own -- >> rose: kennedy was very good at self-analysis. >> he was. one thing i like about him, that rare thing, the self aware famous public great man who actually was self aware. >> rose: and what did he think of truman,...
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Oct 1, 2012
10/12
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and we're seeing that in europe today and we're increasingly seeing it in the united states. thing is a pivotal moment and i think the u.s. can return to its entrepreneurial inspiration. >> so are you making a moral argument. you talk about altruism and the bitter rate and et or the wedlock. >> yeah. i think that -- moral foundation. capitalism is not based on dog eat dog competition. winners don't eat the losers. the weaponners conduct their experiments and expand knowledge that benefits everyone. and that's why capitalism isn't a zerosome game. it's a positive spiral gain for all. and that all of them opposes on the golden rule of jew day owe christian morality. it's at good fortunately of others is also your own. and it's just the image of capitalism is some vicious predatory system as the opposite of the truth. socialism, when you cut off the future through socialism, block off the horizon of change and creation. and image of your creator. then you really do have a zerosome gain and everybody fights in the lobbies of washington. and that is ugly facet of the welfare state
and we're seeing that in europe today and we're increasingly seeing it in the united states. thing is a pivotal moment and i think the u.s. can return to its entrepreneurial inspiration. >> so are you making a moral argument. you talk about altruism and the bitter rate and et or the wedlock. >> yeah. i think that -- moral foundation. capitalism is not based on dog eat dog competition. winners don't eat the losers. the weaponners conduct their experiments and expand knowledge that...
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there are issues you're asking about united states i raised the issue of about problems in the united states on several occasions ten days ago about. way police handled occupy wall street and there were several journalists that were arrested and released afterwards. and there were issue of you know told journalists from russia today that i also publicly raised them and so so you know there are no trees that are immune to this i can see some scandinavian countries are real champions when it comes to free speech and there are the countries i would use as an example as a leading example is that yes i mean always going to be with you know several were entries that i think you know really doing norway for example is good you know is really finland is good you know there are some countries that is showing that they are showing to other countries that it is possible it is possible to have you know fall. free expression possibilities and at the same time you know societies can we call it an example of the fact that it is possible to maintain order in a democratic country without trying to inf
there are issues you're asking about united states i raised the issue of about problems in the united states on several occasions ten days ago about. way police handled occupy wall street and there were several journalists that were arrested and released afterwards. and there were issue of you know told journalists from russia today that i also publicly raised them and so so you know there are no trees that are immune to this i can see some scandinavian countries are real champions when it...
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Oct 19, 2012
10/12
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chinese officials have criticized japan and the united states for planning a joint exercise next month. personnel will take part in the scenario in which they will t to recapture islands. defense forces soy they have scrambled more jets. pilots have given out an increasing number of warnings from planes from china. >> reporter: the aircraft took tohe skies 209 times between april and september to warn foreign aircraft of possible air space violations. chinese aircraft was warned 69 times. 80% of those warnings happened in july and september. chinese jetssually cross the air defense identification zone and would approach an area 200 kilometers north of the island before hitting back. ministry officials are trying to figure out why. >> translator: we have monitored chinese naval no, sforces in re years. we must keep collecting information on aircraft and vessels in the region. we must also car out our mission precisely. >> reporter: in march of last year two chinese navy ya aircraft flew within 60 kilomete kilometers. they came close but didn't enter japanese air space. administration au
chinese officials have criticized japan and the united states for planning a joint exercise next month. personnel will take part in the scenario in which they will t to recapture islands. defense forces soy they have scrambled more jets. pilots have given out an increasing number of warnings from planes from china. >> reporter: the aircraft took tohe skies 209 times between april and september to warn foreign aircraft of possible air space violations. chinese aircraft was warned 69 times....
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it including the united states who. took it so very many of the countries should be ok friends your money is providing the libyan support so they really took over we know that they were providing token jordan that's will rebel forces the budget by the syrian opposition which to impose the limits from and it's out of place if they don't want to really feeds they want to remove the government of syria from both first year but for the sake of the both parties and they believe that they were able to believe that they got the momentum they got the support from the outside world and they say that they're not going to abide by these states it's because they have to be pressured by the outside powers the back them perhaps they have even been told not to support this use for. time now for business and that's a good morning and the other was could be the world's biggest oil producer within the decade that absolutely and of course that has implications for russia all about that in just a moment but first let's check out the equity
it including the united states who. took it so very many of the countries should be ok friends your money is providing the libyan support so they really took over we know that they were providing token jordan that's will rebel forces the budget by the syrian opposition which to impose the limits from and it's out of place if they don't want to really feeds they want to remove the government of syria from both first year but for the sake of the both parties and they believe that they were able...
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risk in the united states is there the political will to address that issue is that the cliff well i think well i think this is a very delicate moment in the united states as well isn't it and what i really fear over here is that america running into the populism type of policies and basically that's exactly what happened in japan in what is happening in japan and look where it's brought a species almost two decades we call it last decade but it's almost to last decade so i would say that again it goes back to the very first thing that we were talking about it's very deep difficult at this point to make a decisive position and at this moment i think it's very big i just hope they don't run into the populism type of society in politics ok chris are you optimistic or pessimistic on that point. well of course populism is a problem in other words kind of authoritarian demagogy and you know dividing people nationally against each other so for instance one issue in the united states has been anti immigration. however it's interesting that the parties in this election cycle are steering cle
risk in the united states is there the political will to address that issue is that the cliff well i think well i think this is a very delicate moment in the united states as well isn't it and what i really fear over here is that america running into the populism type of policies and basically that's exactly what happened in japan in what is happening in japan and look where it's brought a species almost two decades we call it last decade but it's almost to last decade so i would say that again...
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Oct 6, 2012
10/12
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god bless you, united states of america. [cheers and applause] ♪ of our own -re bruce springsteen] ♪ ♪ ♪ ♪ >> this evening we will show you some of the vice presidential debates over the past 25 years. we will begin with dick cheney and john edwards followed by joe biden and sarah palin in 2008. the 1984 debate of george bush and feraro. it all begins this evening at 7:00 eastern on c-span. c-span's campaign 2012 web site provides live and on demand coverage of all the presidential and vice presidential debates. it is the only place he was a live coverage before and after the debates. it has each question as a separate clip where you can watch by topic. read tweaks from political reporters and other actions from the debate hubbub. go to c-span.org/debates. >> mitt romney says that fewer jobs were traded this month than last. this is about 30 minutes. ♪ ♪ >> wow, that is quite a welcome. thank you, virginia. i love you, too, guys. >> mitt, mitt, mitt, mitt! >> thank you. thank you. gosh, just spent a half-hour w
god bless you, united states of america. [cheers and applause] ♪ of our own -re bruce springsteen] ♪ ♪ ♪ ♪ >> this evening we will show you some of the vice presidential debates over the past 25 years. we will begin with dick cheney and john edwards followed by joe biden and sarah palin in 2008. the 1984 debate of george bush and feraro. it all begins this evening at 7:00 eastern on c-span. c-span's campaign 2012 web site provides live and on demand coverage of all the...
WHUT (Howard University Television)
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Oct 21, 2012
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government says the government of the united states of america is not in any sense founded on the christian religion. there are also courses approved vision for the total separation of church and state in the founding doctrine, correct? >> no, i don't think the total separati of church and state is in the bible, there's total disebb stabment, emerges in the 19th century. >> wer they dominantly christian, as if it was not founded as a nation free of any required state religion? >> no, i -- no, i -- this -- >> therefore, it was a secular nation, as they saw it, and they wanted it that way. >> i think you have to talk about whether it's by law or by culture. and i think most everybody would have understood early on that by law, the nation was secular, but by choice, the nation was -- in other ts people were christians and there's always been that dynamic, people have always understood there's a tension there between a population that's largely christian but uses its freedom to choose christiity and the laws that say go ahead ande whatever religion you want to be. >> this is what i understand f
government says the government of the united states of america is not in any sense founded on the christian religion. there are also courses approved vision for the total separation of church and state in the founding doctrine, correct? >> no, i don't think the total separati of church and state is in the bible, there's total disebb stabment, emerges in the 19th century. >> wer they dominantly christian, as if it was not founded as a nation free of any required state religion?...
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Oct 21, 2012
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how sincere are you in your efforts to control, in effect, the nation-state that is the united states? >> georgie anne, we, believe me, supported the simpson-mazzoli bill strongly -- and the bill that came out of the senate. however, there were things added in in the house side that we felt made it less of a good bill; as a matter of fact, made it a bad bill. and in conference -- we stayed with them in conference all the way to where even senator simpson did not want the bill in the manner in which it would come out of the conference committee. there were a number of things in there that weakened that bill. i can't go into detail about them here. but it is true our borders are out of control. it is also true that this has been a situation on our borders back through a number of administrations. and i supported this bill. i believe in the idea of amnesty for those who have put down roots and who have lived here even though sometime back they may have entered illegally. with regard to the employer sanctions, we must have that not only to ensure that we can identify the illegal aliens, b
how sincere are you in your efforts to control, in effect, the nation-state that is the united states? >> georgie anne, we, believe me, supported the simpson-mazzoli bill strongly -- and the bill that came out of the senate. however, there were things added in in the house side that we felt made it less of a good bill; as a matter of fact, made it a bad bill. and in conference -- we stayed with them in conference all the way to where even senator simpson did not want the bill in the...
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finance had something like fifteen percent of corporate profits in the united states today that share has been roughly forty percent there is just absolutely no justification for this kind of rent seeking off of the rest of the economy you know peter if we if we can go back to you in new york i mean a lot of the austerity issues cut jobs it's created out of employment actually. right so i think that's been a problem at the same time let's look at the other and one of my favorite statistics is that the average unemployment rate in spain is about twenty two months it's no coincidence that unemployment benefits run out at twenty four months so there's definitely a certain subsector that looks like that they wait their twenty two months watching the football and then hey i better go find a job and they find a job and buy one of their buddies gets laid off and goes on his two year semi you know funded vacation so obviously that's a bit of an extreme example but there are problems with the benefits system right it doesn't encourage people to go back to work sometimes it's too you know benef
finance had something like fifteen percent of corporate profits in the united states today that share has been roughly forty percent there is just absolutely no justification for this kind of rent seeking off of the rest of the economy you know peter if we if we can go back to you in new york i mean a lot of the austerity issues cut jobs it's created out of employment actually. right so i think that's been a problem at the same time let's look at the other and one of my favorite statistics is...
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states but that doesn't make it not a problem for the united states and the rest of the world how much would a war with iran cost the u.s. economy it's very difficult to tell but you know our estimates that even a modest war would would hurt the u.s. economy in part because it would drive up oil prices even a modest in terms of duration spike in oil prices you know the u.s. recovery right now is quite fragile the world recovery is sort of stalled in places and making modest recovery in others so a big spike in oil prices even if it was only for a few weeks would certainly damage the u.s. economy if it were for a longer extended commitment and big disruption in oil than it would be much more also to the global economy to the global economy and then there's the actual dollar figure to conduct military operations right i mean flying planes dropping bombs these things are are not incredibly expensive but neither are they cheap so it would it would there would be a there would be a substantial cost we think so i want to ask you a question that politicians always reject to answer does israel
states but that doesn't make it not a problem for the united states and the rest of the world how much would a war with iran cost the u.s. economy it's very difficult to tell but you know our estimates that even a modest war would would hurt the u.s. economy in part because it would drive up oil prices even a modest in terms of duration spike in oil prices you know the u.s. recovery right now is quite fragile the world recovery is sort of stalled in places and making modest recovery in others...
WHUT (Howard University Television)
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Oct 23, 2012
10/12
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>> i thinkone part might have bs these track things in the united states and the key one we're in now is the post-911 era of war in iraq, war in afghanistan and it's not surprising to me that we have a revisiting here of this more teddy roosevelt culture. >> we've got 20 seconds left and that's all. do you want to make a closing comment d'll call on you for about 10 seconds. david. >> i think -- i do think the film is antisemitic in the sense that it does any more than any other jesus film in american history to exonerate pile last time and blame jesus. >> and yet there is much a jewish jesus including questions from the passover, why ishis night different from all other nights and it's again this schizophrenia, we need to answer that question who is jesus and we're still worki on it. that question who is jesus and we're still worki on it. >> thank you so much, david, and
>> i thinkone part might have bs these track things in the united states and the key one we're in now is the post-911 era of war in iraq, war in afghanistan and it's not surprising to me that we have a revisiting here of this more teddy roosevelt culture. >> we've got 20 seconds left and that's all. do you want to make a closing comment d'll call on you for about 10 seconds. david. >> i think -- i do think the film is antisemitic in the sense that it does any more than any...
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and we were but and they're hedging monic policies one of them and then think of the united states is all set for a presidential election where nicaragua's expectations in this regard. i believe this is an election where the american people should vote for their government to commit itself to a peaceful foreign policy agenda that is what i see as most important and the best thing we united states can do for the world is pursue peace not war a policy of peace would enable us to be more successful in addressing its domestic as well as a global economic challenges providing upward they choose to seek an alternative to the neo liberal plan a sense of what they were predominant among capitalist economies in recent years ago and have proved to be such a failure when autumn of. what do you argue a perfect world what will or will seen it for latin american the united states or russia. in the the my mature way already heading that way despite efforts from certain forces to prevent this kind of a change i mean the american far right who won't even tolerate a president such as barack obama they
and we were but and they're hedging monic policies one of them and then think of the united states is all set for a presidential election where nicaragua's expectations in this regard. i believe this is an election where the american people should vote for their government to commit itself to a peaceful foreign policy agenda that is what i see as most important and the best thing we united states can do for the world is pursue peace not war a policy of peace would enable us to be more...
SFGTV2: San Francisco Government Television
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Oct 22, 2012
10/12
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quickly, the united states economy is gaining momentum. it is on a nice, a ford trajectory. last quarter put the gdp number was the strongest of the last year, and it looks like that will continue to do better going forward. a couple of other things that are of concern i will go through quickly. the next one is that the austerity plan is going on in europe will probably cause a recession if europe is not already in a recession. china needs to avoid a hard landing, and i will talk about those topics in a little more detail. the next board is the politicians in washington really need to expend the stimulus plan they have in front of them in terms of extending unemployment benefits and the tax cuts. the u.s. economy is doing better, but it still needs the stimulus to keep going. finally, the unemployment rate is still uncomfortably high. it has come down to 8.3%, down from the 10% level. in california, it is 11.1%, down from the recent high of 12.5%, but it needs to do better. our outlook on the economy is that it is sunny with partly cloudy, but the united states is probably t
quickly, the united states economy is gaining momentum. it is on a nice, a ford trajectory. last quarter put the gdp number was the strongest of the last year, and it looks like that will continue to do better going forward. a couple of other things that are of concern i will go through quickly. the next one is that the austerity plan is going on in europe will probably cause a recession if europe is not already in a recession. china needs to avoid a hard landing, and i will talk about those...
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the united states right now is very divided between republicans and democrats who have different ideas about how to solve our economic problems and so very little is getting done in europe germans have a belief that the way to solve the problems is by more saving and more fiscal discipline the southern european countries believe the way to go forward is to promote economic growth and not worry so much at this moment about the debt those differences are very similar to those between american democrats and american republicans well from the latest of french president francois hollande has sat that europe must advance at several speeds so some believe that we would be seeing the inevitable the emergence of a two tariq europe i think there is a possibility i've written about that myself at the moment the levels of productivity in different european countries are large one can compensate for that with a unified set of financial structures but then that will take time for those structures to overcome the differences the instant way to say ok we have differences in productivity let's have a m
the united states right now is very divided between republicans and democrats who have different ideas about how to solve our economic problems and so very little is getting done in europe germans have a belief that the way to solve the problems is by more saving and more fiscal discipline the southern european countries believe the way to go forward is to promote economic growth and not worry so much at this moment about the debt those differences are very similar to those between american...
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Oct 30, 2012
10/12
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they could crush the ability to the united states has given you. you have to cut the stocks from the cover off the united states. a country where we are pushing up 40 points per share this morning. virtually all the money was made right here in the united states. ♪ >> europe, was so awful that it almost wiped out the american gain. >> the house of pain. >> asia had a nice turn to a 40 million plus dollar gain. $85 million. but, hey, that is not much from the scheme of things. south america profit open again not all that significant. contrast that news with the report. ♪ hallelujah >> u.s. based furniture maker makes bed springs that i'm sure at some point pondered going into europe or latin mesh. i'm sure a whipper snapper said we have to make it more in the bed spring market. guess what? the good old us of a made these guys important. not because the stocks are going down, this one will be a jumper when the market opens tomorrow. it has been two weeks since the markets open tomorrow. the mortgage business, us bank corp and i'm not banking away
they could crush the ability to the united states has given you. you have to cut the stocks from the cover off the united states. a country where we are pushing up 40 points per share this morning. virtually all the money was made right here in the united states. ♪ >> europe, was so awful that it almost wiped out the american gain. >> the house of pain. >> asia had a nice turn to a 40 million plus dollar gain. $85 million. but, hey, that is not much from the scheme of...
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Oct 14, 2012
10/12
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you know, in the united states, there is water scarcity. we have the policies and money to deal with it. we pay twice for our cable bill what we do for water. >> people aren't equally poor. the people without access to water, they are not all in the same boat. in a lot of situations, in urban environments, piping water by people's houses. they just don't have access to it. instead, the people working, holding down jobs are standing in a line at a designated time to get their water. gary pioneered an idea called water credit, if you can take a loan app and buy your time back. a $75 or $100 loan, you buy your time back. that time you spent collecting water, you can get back. >> they are repaid at a 97% rate worldwide. we are approaching 400,000 people who have gotten access to water and a toilet through microfinance and through their own resources that aren't having to be served by straight charity. we are about trying to piggy back on existing infrastructure. how do we work within the natural forests out there like the market, the power at t
you know, in the united states, there is water scarcity. we have the policies and money to deal with it. we pay twice for our cable bill what we do for water. >> people aren't equally poor. the people without access to water, they are not all in the same boat. in a lot of situations, in urban environments, piping water by people's houses. they just don't have access to it. instead, the people working, holding down jobs are standing in a line at a designated time to get their water. gary...
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for a very big big crisis the united states. actually purged its system of many of its bad banks something that europe has not done at all so it's possible all right but where do you see the euro in the years time. again a very very difficult question. i think the euro is still going to exist i don't think there will be a dissolution of the euro zone. and i would only give even odds on the greeks actually retreating from the euro zone. people are very psychologically invested in the side dhea that the euro is the only path towards stability in the future i mean even in a country like greece which has been so hard hit by the crisis people are even more fearful of retreating from the eurozone because they feel that their savings will be wiped out that their pensions will no longer be viable that there are health care system will lose even further access to the capital that's required to purchase the medicines in the technologies that are needed so there's a lot of fear and very legitimately so so. i can't see the system just unrav
for a very big big crisis the united states. actually purged its system of many of its bad banks something that europe has not done at all so it's possible all right but where do you see the euro in the years time. again a very very difficult question. i think the euro is still going to exist i don't think there will be a dissolution of the euro zone. and i would only give even odds on the greeks actually retreating from the euro zone. people are very psychologically invested in the side dhea...
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Oct 29, 2012
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in every society, even in the united states, and they are usually, usually, not always, but usually corrupt and problematic, and they siphon off a lot of money, however, in some countries, there's checks and balances placed on the networks, much more so than others. in a place like syria, these checks and balances were not sufficient to check the networks anywhere in the world to prevent them from running into the ground. >> host: can you give us an example, the network of the u.s., how it exists? >> guest: after the invasion of iraq, one of the major construction or reconstruction quote-on-quote ventures was, you know, commissioned somehow or given somehow to various corporations that are very much in touch or close to or part of the network, for instance, vice president dick cheney, whether it's haliburton, other countries, ended up unfairly taking up the ventures, and, actually, they didn't do a good job at all as a virtue of the results we saw years later. they ended on scandals, and other kinds of such networks. if you'd like to look at a much bigger scale, the entire $700 bill
in every society, even in the united states, and they are usually, usually, not always, but usually corrupt and problematic, and they siphon off a lot of money, however, in some countries, there's checks and balances placed on the networks, much more so than others. in a place like syria, these checks and balances were not sufficient to check the networks anywhere in the world to prevent them from running into the ground. >> host: can you give us an example, the network of the u.s., how...
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states the story is being told united states is zol about targeting top level terrorist leaders and it's not killing civilians the reality is the total opposite of that the un special rapporteur tour on extradition and execution has said that you know if these reports are true about what the u.s. is doing there would constitute war crimes u.s. involvement in neighboring afghanistan is also pardon me seen thousands of casualties among civilians as well as nato is it or are we look at the legacy of the alliance action there eleven years on and its consequences. so korea is signed an agreement that with the us that allows it to possess missiles capable of reaching any part of north korea a previous arms pact with washington restricted souls ability to develop or deploy long range rockets leaving many targets in the reclusive communist state out of reach tim beal and asia specialist from london though thinks the real goal behind the deal could be to threaten china. this new range will take them into china that i think has been the sticking point as the. interests of americans are now ag
states the story is being told united states is zol about targeting top level terrorist leaders and it's not killing civilians the reality is the total opposite of that the un special rapporteur tour on extradition and execution has said that you know if these reports are true about what the u.s. is doing there would constitute war crimes u.s. involvement in neighboring afghanistan is also pardon me seen thousands of casualties among civilians as well as nato is it or are we look at the legacy...
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Oct 9, 2012
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japan and the united states should see 2.2% growth. global growth will increase to 3.3% next year but they warn europe's credit problems still pose a threat to the global economy. the bank's latest report project 7.2% growth across 14 countries. that's lower than the forecast in may. the region includes china but not japan. china's domestic demand is sluggish and it's hurt exports throughout the region. growth in east asia will rise to 7.6% next year. they say china will pick up steam and demand will grow within southeast asia. they are also being cautious. >>> chinese officials safe they have cancelled plans to aattend world meetings. japan controls the islands. chinese leaders say the territories belong to them. representatives of the industrial commercial bank of china, china construction bank will skip the world bank gathering. a ministry official was quoted as saying japan's unilateral actions are freezing relations. it's the world's largest bank and the other institutions are among the top ten on the planet. senior officials are
japan and the united states should see 2.2% growth. global growth will increase to 3.3% next year but they warn europe's credit problems still pose a threat to the global economy. the bank's latest report project 7.2% growth across 14 countries. that's lower than the forecast in may. the region includes china but not japan. china's domestic demand is sluggish and it's hurt exports throughout the region. growth in east asia will rise to 7.6% next year. they say china will pick up steam and...
SFGTV2: San Francisco Government Television
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economic output than the united states. it is a force that has to be reckoned with. they got this way because they have had very good growth for a number of years, but it is growing a little bit too strong. there are some small bubbles popping up in different parts of their economy, and they are trying to slow down the economy. slowing down an economy -- every government can do that. the hard part is controlling that downward trajectory. in most cases, countries that tried to slow down their economy -- they go into a crash, they go into a recession, but china is different. the best way i have to describe china's economy, to steal a line from yogi berra is one-half market economy and three- quarters centralize control economy. they are big enough. they are powerful enough that they can probably pull this off. we will have to see how it happens, but that is an important thing for the world economy. europe, on the other hand, is another story. if you believe in the mayan calendar that the world will end in 2012, europe might b
economic output than the united states. it is a force that has to be reckoned with. they got this way because they have had very good growth for a number of years, but it is growing a little bit too strong. there are some small bubbles popping up in different parts of their economy, and they are trying to slow down the economy. slowing down an economy -- every government can do that. the hard part is controlling that downward trajectory. in most cases, countries that tried to slow down their...